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Stadium Capital Management, managed by Alexander Medina Seaver, has reported raising its position in Insperity Inc (NYSE:NSP). In its latest filing with the U.S. Securities and Exchange Commission, Stadium Capital has disclosed upping its stake in the company to 2.32 million shares from 2.06 million shares held previously. The new position amasses 9.1% of common stock.

Insperity Inc (NYSE:NSP) provides an array of human resources and business solutions designed to help improve business performance. The company has a market cap of $763.9 million.

For the fourth-quarter 2013, the company reported net income of $5.3 million, or $0.21 per share, compared to $9.4 million, or $0.34 per share, in the same period in 2012. For the year ended Dec. 31, 2013, the company’s net income was $32.0 million, or $1.25 per share, compared to $40.4, or $1.56 per share, in 2012. Revenues for the fourth quarter of 2013 increased 4.6% over the fourth quarter of 2012 due to a 1.1% increase in the average number of worksite employees paid per month and a 3.5% increase in revenues per worksite employee per month. Revenues in 2013 were $2.3 billion, an increase of 4.5% over 2012, according to a news release.

Other significant shareholders of Insperity Inc (NYSE:NSP) include Jim Simons’ Renaissance Technologies, which held 167,500 shares, worth $6.1 million. Joel Greenblatt’s Gotham Asset Management owned around 159,300 shares of the company at the end of the 2013.

Stadium Capital Management was founded by Alexander Seaver in 1997. The fund’s equity portfolio value was to $356.6 million at the end of the fourth quarter of 2013. The largest holdings in its portfolio were Builders FirstSource, Inc. (NASDAQ:BLDR) and Universal Technical Institute, Inc. (NYSE:UTI), in which it held 13.15 million and 3.61 million shares respectively, valued at $93.78 million and $74.42 million.